Beware: Artificial Intelligence Used to Enhance Scams

In a world dominated by technological advancements, the increased use of artificial intelligence (AI) has not only transformed our daily lives but has also ushered in a new wave of sophisticated threats. The use of AI in scams presents an unprecedented danger to individuals everywhere. As AI continues to advance, so do the deceptive schemes […]

Are Women Less Confident About Finances Than Men?

According to a recent study conducted by Northwestern Mutual, women belonging to the Gen X age group are significantly less confident about their finances than men in the same age group. Gen X includes people born between 1960 and 1980, which means they are now between the ages of 43 and 58 and are soon […]

Jefferson County Extends Property Tax Freeze Exemption

Jefferson County has announced an unprecedented extension to claim the property tax freeze exemption. The exemption freeze period will be valid for 2022 or 2023, depending on which tax year benefits the taxpayer the most. Put simply, this means your property tax value will be frozen at the lowest value when comparing 2022 and 2023 values.  This […]

Navigating Your Health Insurance Options

Individual Enrollment Opens on November 1st It’s that time of year again when you need to start thinking about securing your health insurance coverage for the upcoming year. The enrollment period for individual health insurance began on November 1st. This is a great opportunity to ensure you have the right coverage to protect your health […]

It’s Medicare Open Enrollment Time!

As we near the end of the year, seniors in the United States need to focus on open enrollment for Medicare coverage. The open enrollment period for Medicare runs from October 15th to December 7th every year, and this is your chance to make changes to your Medicare coverage for the upcoming year. In this […]

Age 65? You May Qualify for State Property Tax Exemption!

I recently received a question from a lady who was curious about whether her 87-year-old mother-in-law qualifies for a property tax exemption. Regrettably, this means her mother-in-law missed the chance to potentially save hundreds or even thousands of dollars over the past twenty-two years.  According to information available on the State of Alabama’s website, “If […]

Are You On Track For Retirement?

Fidelity Investments has created a set of guidelines to help individuals benchmark their savings progress at different ages throughout their careers. Although the guidelines are broad and individual circumstances may differ, they provide useful markers for tracking one’s savings goals over time. The guidelines are based on your current annual income and are as follows: […]

To Retire or Not… That is the Question

F&G Annuities & Life, Inc. surveyed more than 2,000 pre-retirees and retirees to understand their perception of retirement. Surprisingly, the survey revealed that over 50% of participants decided to postpone retirement or planned to ‘un-retire.’ Many may assume that the primary reason for this is the need for financial support to fund the retirement lifestyle. […]

The Importance of Wills: A Lesson From Aretha Franklin

Aretha Franklin, known as the Queen of Soul, left behind a musical legacy and an important lesson in estate planning. Even after five years of her passing in 2018 due to pancreatic cancer, her children are still settling matters regarding her estate, estimated to be worth $10 million. The reason for the delay was that […]

How Much Money Do You Need To Be Wealthy?

Charles Schwab & Company recently released its 2023 Modern Wealth Survey, polling a cross-section of Americans and asking the average net worth needed to be among the ranks of the rich. The result was $2.2 million. Almost half of respondents said they feel wealthy today, with an average net worth of only $560,000. Surprising to […]